Ingersoll-Rand PLC (NYSE:IR) Director Jared L. Cohon sold 2,350 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.40, for a total value of $217,140.00. Following the sale, the director now owns 25,766 shares in the company, valued at approximately $2,380,778.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Ingersoll-Rand PLC (NYSE:IR) traded up $1.56 during trading hours on Friday, reaching $89.16. The company’s stock had a trading volume of 2,351,736 shares, compared to its average volume of 1,987,864. The company has a current ratio of 1.27, a quick ratio of 0.95 and a debt-to-equity ratio of 0.41. Ingersoll-Rand PLC has a 52 week low of $77.26 and a 52 week high of $97.67. The stock has a market cap of $22,785.46, a PE ratio of 16.98, a PEG ratio of 1.95 and a beta of 1.33.
Ingersoll-Rand (NYSE:IR) last released its earnings results on Wednesday, January 31st. The industrial products company reported $1.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.01). Ingersoll-Rand had a net margin of 9.17% and a return on equity of 16.91%. The business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.52 billion. During the same period last year, the firm earned $0.84 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. sell-side analysts forecast that Ingersoll-Rand PLC will post 5.17 EPS for the current year.
IR has been the topic of several recent analyst reports. Bank of America downgraded Ingersoll-Rand from a “buy” rating to a “neutral” rating and set a $96.00 price objective on the stock. in a report on Tuesday, October 17th. Stifel Nicolaus cut their price objective on Ingersoll-Rand from $103.00 to $101.00 and set a “buy” rating on the stock in a report on Thursday, October 26th. Royal Bank of Canada cut their price objective on Ingersoll-Rand from $93.00 to $91.00 and set a “sector perform” rating on the stock in a report on Thursday, October 26th. Morgan Stanley downgraded Ingersoll-Rand from an “overweight” rating to an “equal weight” rating and set a $98.00 price objective on the stock. in a report on Friday, October 27th. Finally, Robert W. Baird restated a “hold” rating on shares of Ingersoll-Rand in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $102.92.
A number of large investors have recently added to or reduced their stakes in IR. Victory Capital Management Inc. grew its stake in Ingersoll-Rand by 43.7% during the 4th quarter. Victory Capital Management Inc. now owns 2,502,804 shares of the industrial products company’s stock valued at $223,225,000 after acquiring an additional 761,576 shares in the last quarter. Janus Henderson Group PLC grew its stake in Ingersoll-Rand by 2,075.3% during the 2nd quarter. Janus Henderson Group PLC now owns 716,452 shares of the industrial products company’s stock valued at $65,477,000 after acquiring an additional 683,516 shares in the last quarter. Prudential Financial Inc. grew its stake in Ingersoll-Rand by 87.4% during the 3rd quarter. Prudential Financial Inc. now owns 1,429,458 shares of the industrial products company’s stock valued at $127,465,000 after acquiring an additional 666,550 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in Ingersoll-Rand by 123.9% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,171,328 shares of the industrial products company’s stock valued at $104,447,000 after acquiring an additional 648,196 shares in the last quarter. Finally, APG Asset Management N.V. grew its stake in shares of Ingersoll-Rand by 83.0% in the 3rd quarter. APG Asset Management N.V. now owns 1,418,049 shares of the industrial products company’s stock valued at $126,447,000 after buying an additional 643,000 shares in the last quarter. 82.37% of the stock is currently owned by institutional investors.
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Ingersoll-Rand Company Profile
Ingersoll-Rand Public Limited Company provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company’s business segments include Climate and Industrial. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car.
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